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37. Time is of the Essence. Time is of the essence of this Agreement and of each and every <br /> term and condition hereof. <br /> 38. Runs with the Land; Recordation. This Agreement pertains to and shall run with the <br /> Property. Upon execution, this Agreement shall be recorded in the Official Records of San Mateo <br /> County. Upon completion of performance and satisfaction by Developer of its obligations under this <br /> Agreement, incl�iding warranty obligations, a written statement shall be recorded by City in the Official <br /> Records of San Mateo County terminating this Agreement and releasing all of the Property. The recorded <br /> written statement does not release the parties fro�n obligations that survive termination of the Agreement, <br /> including indemnification. <br /> IN WITNESS WHEREOF, City and Developer have executed this Agreement as of the Effective <br /> Date. <br /> DEVELOPER <br /> HAMILTON&WINSLOW PROPERTIES,LLC, <br /> a California li�nited liability company <br /> By: H &F Management,LLC, <br /> a California limited liability company, <br /> its Manager <br /> By: Hannony Services,LLC, <br /> a California limited liability company, <br /> its Mana er <br /> By: V�-, <br /> Name: Robert R. Dean <br /> Title: Manager <br /> [Signature must be notarizedJ <br /> CITY <br /> CITY OF REDWOOD CITY,a <br /> cl�arter city and mun' ' ation <br /> -_—� <br /> � <br /> � � � ��Y`,� c�� �,y,.���� <br /> Sig tur m t be notarczeclJ <br /> AT T <br /> Silvi derl' en,City Clerk <br /> REV:10-08-15 VR <br /> ATTY/AGR/2015.224/HAMILTIN&WINSLOW PROPERTIES,LLP—IA <br /> Page 12 of 19 <br />